The Swiss National Bank said measures are needed to prepare lenders for “growing” risks stemming from the country’s real estate and mortgage markets.
“SNB estimates on apartment prices indicate that they already exceed values justified by fundamentals,” the central bank said in its annual financial stability report, published today. “In view of the growing risks in the Swiss real estate and mortgage markets, the SNB considers that there is a need for corrective measures.”..............................................Full Article: Source